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I wonder what the import clerks are doing. Are they changing software and releasing new guidelines for custom workers literally every few hours?We're going to need a tariff rate ticker in the corner of the screen.
right 15 out of the 70 who want to negotiate have presented trade offers - that means 55 others are still in the process. Some who announced just 48 hours ago.hey question.....what happened to the 70 countries? now it sounds like it's 15.
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Hassett says Trump has trade offers from 15 countries
The White House said the offers are "on the table" after President Donald Trump unleashed tariffs on America's trading partners.www.newsweek.com
It took less than a week for the tariffs to mostly vanish.Today is April 10th - The Tariffs did not come into play until 4/3 -what makes you think all the negotiations would be finalized in a week?
No - they are paused -It took less than a week for the tariffs to mostly vanish.
Tariffs announced 4/2/2025 - Tariffs come into effect - 4/3/2025 - 70 Nations send message that they want to negotiate with 15 of them with specific plans - 4/9/2025 - Trump pauses tariffs for 90 days -Why are they paused after one day? After being talked about for weeks and months, introduced like "the liberation day" etc.
Your timeline is incorrect.Tariffs announced 4/2/2025 - Tariffs come into effect - 4/3/2025 - 70 Nations send message that they want to negotiate with 15 of them with specific plans - 4/9/2025 - Trump pauses tariffs for 90 days -
That is one day - it's moving very quickly - but definitely not one day.
AnnouncementYour timeline is incorrect.
4/2 - 10% across-the-board, as well as arbitrary reciprocal tariffs announced
Day one - Along with others4/3 - previously-announced 25% tariffs on automobiles from Mexico and Canada go into effect
Day 34/5 - 10% across-the-board tariffs take effect
Day 6 -4/9 - reciprocal tariffs take effect at midnight. 12 hours later, the reciprocal tariffs are paused for 90 days
I am Trump, the great and powerful. Pay no attention to the man behind the curtain.Why are they paused after one day? After being talked about for weeks and months, introduced like "the liberation day" etc.
I was rather meaning the fact that Trump talked about the tariffs even in his campaign, for months. That it is the most beautiful word or something like that. Then, when he finally applies them, he immediately pauses them, because some countries are willing to negotiate?Tariffs announced 4/2/2025 - Tariffs come into effect - 4/3/2025 - 70 Nations send message that they want to negotiate with 15 of them with specific plans - 4/9/2025 - Trump pauses tariffs for 90 days -
That is seven days - it's moving very quickly - but definitely not one day.
It took time for him to be elected - in that time, he very clearly laid out his plans including tariffs - it is part of the reason why he won the popular vote, the electoral college every swing state and the Republicans won both Houses.I was rather meaning the fact that Trump talked about the tariffs even in his campaign, for months.
Correct - the imposition of the tariffs are what brought the countries to the bargaining table - It is a negotiation method. Personally, I'm glad that the 70 countries moved as quickly as they did - and in good faith Trump POSTPONED the tariffs - I suspect if they renege on their negotiations, the tariffs will move forward.That it is the most beautiful word or something like that. Then, when he finally applies them, he immediately pauses them, because some countries are willing to negotiate?
Did you hear why they increased?I do not know, it seems chaotic. Not to mention that the tariffs against China changed like 4x this week alone.
Outside the norm and disruptive to the status quo - defiantly effective to getting action. -Not to mention that those reciprocal tariffs were wrongly named/defined, it was just about trade deficits. Before that, placing and pausing tariffs against Mexico and Canada, several times. All seems unprepared and erratic, even random.
Right, I've been wondering where the effective limit is. I can imagine China saying "we've doubled prices for already overpriced US goods. We're good, we don't need to do anything more. We'll just sit here and let him fume. If he raises the tariffs again, it doesn't hurt us any more than he's already hurting us."
Well, yeah. China has a lot less to lose here. They've got the rest of the world as a market, and the majority of what they import from us is raw materials and components, rather than consumer products. Other sources for those can be found, and consumers are more insulated from those things rising in cost. They've also spent some time preparing their economy for this situation since the last Trump administration.Trump is waiting for Xi to call. The Chinese see it differently
Trump's team [has been] clearly telling Chinese officials that President Xi Jinping should request a call with Trump [for the past two months]. But Beijing has repeatedly refused to arrange a leader-level phone call...
Neither leader wants to make the first move.
“Yes, this will be very disruptive,” Beal said. “It should have occurred gradually over the past decades. But it didn’t, and now it will be disruptive.”
What’s good for billionaires ain’t exactly what’s good for the rest of us. Imposing tariffs on most everything Americans buy is effectively a national sales tax on the American people.Billionaire Andy Beal, the nation’s wealthiest banker, said on Monday that President Donald Trump should stay the course with “shock and awe” tariff policies that have roiled financial markets.
In an exclusive interview with MarketWatch, Beal said Trump’s tariffs are designed to bring the world to the negotiating table, foster free and fair trade, and recalibrate the role of the U.S. in the world economy. Beal said Trump should ignore people like hedge-fund billionaire Bill Ackman, who are arguing for a pause in the implementation of some of the tariffs the White House announced last week.
“Bill Ackman is wrong. We don’t need another moratorium for 90 days,” said Beal. “The opportunity is now. Don’t let this opportunity pass. We have been living in a fantasy world for decades.”
Beal said Fed monetary policies that resulted in low interest rates and unlimited supplies of money have for years masked inflation, while federal-government deficit spending covered up the poor state of the U.S. economy. The gross domestic product of the real economy has actually been shrinking, Beal said, while the headline published GDP has been showing growth due to government spending.
The U.S. government’s borrowing and spending of some $2 trillion a year distorted reality and delayed equilibrium restoration in the economy, which is now upon us, Beal added.
“Our huge and perpetual balance of trade deficit and our continual multitrillion-dollar fiscal deficit are simply not sustainable, and the sooner we deal with them the better and the less long-term pain,” Beal said. “A dollar of government borrowing and spending is not the same as a dollar earned by inventing or building a widget.”
Global stock markets have been walloped in the days since Trump announced his plan to slap high tariffs on countries around the world. Through its “DOGE” initiative, the Trump administration is also seeking to cut government spending.
Beal acknowledged that Trump’s immediate rollout of high tariffs has shocked financial markets and the economy, but he argued that there is no other path forward if Trump is to shape policy sufficiently.
“It is unfortunate that we can’t accomplish this more gradually and stretch the pain over many years, but that is simply no longer an option,” said Beal, adding that Trump wants fair and free trade. “Any other path would require congressional approval, and that would take forever — and Trump has only two years until midterm elections.”
Beal said that if the U.S. did not course-correct dramatically on spending and trade deficits, the country might eventually default on its debts or need to materially increase domestic taxes, which would both be horrendous outcomes. Beal has expressed this concern for many years, and the situation has only become more acute, he said.
“Yes, this will be very disruptive,” Beal said. “It should have occurred gradually over the past decades. But it didn’t, and now it will be disruptive.”
I want to repost a quote from Beal's interview with MarketWatch. Also, in that interview, Beal did not say anything at all about what is good for billionaires. Instead, the article concluded the point Beal was making with the following quote:What’s good for billionaires ain’t exactly what’s good for the rest of us. Imposing tariffs on most everything Americans buy is effectively a national sales tax on the American people.
Beal said that if the U.S. did not course-correct dramatically on spending and trade deficits, the country might eventually default on its debts or need to materially increase domestic taxes, which would both be horrendous outcomes. Beal has expressed this concern for many years, and the situation has only become more acute, he said.
He knows what he is doing. I'm not concerned at all.Will Trump Negotiate Tariffs? White House Claims Over 50 Countries Want To Talk
Which Countries Have Offered To Negotiate With Trump On Tariffs?
Cambodia: Cambodia’s commerce ministry sent a letter to the Trump administration pledging to cut tariffs on its U.S. imports from 35% to 5%
European Union: European Commission President Ursula von der Leyen has suggested that while Europe is “prepared to respond” to Trump’s tariffs and could impose retaliatory moves in response, it was also hoping to negotiate with the president, holding off on announcing any immediate countermeasures and saying the bloc is “always ready” to talk.
United Kingdom: British officials believe they could reach a deal to remove or reduce Trump’s 10% tariffs on the U.K. “within weeks,” according to The Washington Post,
Vietnam: In a letter Saturday, Vietnam’s Communist Party offered to remove all tariffs on U.S. goods in hopes of lowering the 46% tax Trump imposed
India: Indian officials have suggested they’re likely to try and negotiate with Trump rather than impose any major retaliatory moves,
Taiwan: President Lai Ching-te said Sunday Taiwan will not impose any retaliatory tariffs on U.S. imports and he wants to negotiate with the Trump administration with a goal of “zero tariffs”
Israel: Prime Minister Benjamin Netanyahu is expected to visit Trump on Monday and Israel canceled its tariffs on U.S. imports even before Trump’s tariff rollout last week,
Indonesia: Indonesia’s chief economic minister Airlangga Hartarto said Sunday the country will pursue a diplomatic solution to the 32% tariffs Trump levied on the nation’s goods rather than imposing retaliatory tariffs, Reuters reports, and the country is planning to send a delegation to the U.S. to negotiate with Trump.
Promises made - promises kept - the world is coming to us.